Business News
ReutersMay 20, 2019
On Friday the US Commerce Department said it was considering scaling back restrictions on Huawei to "prevent the interruption of existing network operations and equipment."
ENS Economic BureauMay 20, 2019
This intent to buy 51 per cent stake is in exercise of Orix’s right under the terms of an existing memorandum of understanding wherein Orix can match the price offered by the highest bidder for
Easing NBFCs’ liquidity woes imperative for upcoming govt Subscriber Only
The consensus is that the next government will have to step up capital infusion into public sector banks, two senior officials in the Finance Ministry told The Indian Express.
Sandeep SinghMay 20, 2019
The credit growth for infrastructure segment in FY19 is the highest in at least seven years both in absolute and in per cent terms. It grew by 16.5 per cent in March 2013.
PTIMay 19, 2019
Sources said the revenue department is mulling on the idea of a national bench of AAAR since it feels that the Authority for Advance Ruling (AAR) mechanism in its current form is not serving its
George MathewMay 19, 2019
RBI aims for 34% rise in PoS terminals in next 2 years Subscriber Only
The RBI has proposed increase in use of digital modes of payment for purchase of goods and services through increase in debit card transactions at PoS (35 per cent increase during the vision period) and
Prabha RaghavanMay 19, 2019
The Central Drugs Standard Control Organisation (CDSCO) alert on Saturday comes over a week after the US Food and Drug Administration (US FDA) flagged five such models of Medtronic’s pacemakers and cardiac resynchronisation therapy pacemakers
Pranav MukulMay 19, 2019
Rift between the two promoters of Interglobe Aviation: No desire to control the company; stand by shareholder pact, says Gangwal Subscriber Only
As per the shareholding pattern declared by Interglobe Aviation, as of March 31, Bhatia, his family and his holding company Interglobe Enterprises held around 38 per cent stake, while Gangwal, his family and his entity
Express Web DeskMay 18, 2019
According to one source, the tension between the two promoters has been simmering since exit announcement of the airline’s CEO Aditya Ghosh in April last year and the consequent appointment of expatriates in management positions.
Anupam ChatterjeeMay 18, 2019
As reported recently, power producers have also complained that various subsidiaries of Coal India have “suddenly and unilaterally” increased floor prices (reserve price) at which these auctions begin.
ENS Economic BureauMay 18, 2019
According to the BSE website, Ashok Chawla, non-executive - independent director, and Sharad Sharma, non-executive — independent director, are the only remaining two directors on the Jet board. Chawla was former Union Finance Secretary and
Arun NayalMay 18, 2019
Jet’s overseas rights on some routes allocated to other airlines Subscriber Only
“At this stage, we are in the process of securing the necessary approvals to operate into China, and as soon as we receive all the requisite permissions from the government to operate, we will inform
ENS Economic BureauMay 18, 2019
Lok Sabha Election Exit Poll Results 2019: Asian markets were mixed on Friday as another rally on Wall Street and data indicating a strong US economy were offset by the increasingly tense trade and technology
Shaju PhilipMay 18, 2019
Kerala first Indian state to tap into masala bond market Subscriber Only
A brainchild of state Finance Minister Thomas Issac, the proceeds from the bond issue are slated to be used to part-finance the rebuilding of infrastructure in Kerala that was devastated by last year’s floods.
PTIMay 17, 2019
The Central Statistics Office (CSO) had in February revised downwards the growth estimate for 2018-19 fiscal from 7.2 per cent to 7 per cent -- the lowest in five years.
PTIMay 17, 2019
In April, Allied requested Sebi to annul certain contract expiring in June citing that those cannot be hedged due to the regulator's interim order.
PTIMay 17, 2019
Replying to an RTI query, the Finance Ministry said India and Switzerland share information on black money on a case to case basis as per the investigations being carried out.
PTIMay 17, 2019
A three-member bench of the NCLAT headed by Chairman Justice S J Mukhopadhaya asked the lenders to conduct a fresh voting from May 31.
PTIMay 17, 2019
N K Singh noted that fiscal rectitude is an important inter gradient in sustaining long term economic growth and is the core of long term macro economic stability.
ReutersMay 17, 2019
Bentonville, Arkansas-based Walmart called out the impact of tariffs on consumers after Macy's Inc delivered a similar warning on Wednesday
May 17, 2019
Investors stunned as two China companies say $6.1 bn is missing Subscriber Only
The disappearance of a combined $6.1 billion from two Chinese companies has dumbfounded investors and forced regulators to take action.
ReutersMay 17, 2019
Pinterest's sales outlook was a disappointment said Forte, especially given the high expectations reflected in the run up in shares.
PTIMay 17, 2019
The blockade on Qatar and withdrawal of 28 weekly flights between Doha and cities of New Delhi and Mumbai has increased the pressure on available seat capacity in Qatar-India routes, the airline said.
PTIMay 17, 2019
The 30-share index was trading 201.24 points, or 0.54 per cent, higher at 37,594.72. The broader NSE Nifty was also trading 57.20 points, or 0.51 per cent, up at 11,314.30.
ReutersMay 17, 2019
"That is why, going forward, all expenses of any kind anywhere in the word, including parts, salary, travel expenses, rent, literally every payment that leaves our bank account must (be) reviewed," Musk said.
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